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Canarys Automations IPO vs Plada Infotech IPO

Comparison between Canarys Automations IPO and Plada Infotech IPO.

IPO Details

Canarys Automations IPO is a SME Fixed Price IPO proposed to list at NSE SME while Plada Infotech IPO is a SME Fixed Price proposed to list at NSE SME.

 Canarys Automations IPOPlada Infotech IPO
LogoCanarys Automations IPO LogoPlada Infotech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersIndorient Financial Services Ltd.Indorient Financial Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerAlacrity Securities Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Canarys Automations IPO is up to ₹44.68 Cr whereas the issue size of the Plada Infotech IPO is up to ₹11.74 Cr. The final issue price of Canarys Automations IPO is ₹31.00 per share and of Plada Infotech IPO is ₹48.00 per share.

 Canarys Automations IPOPlada Infotech IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹29.00 per share
Issue Price (Upper)₹31.00 per share
Issue Price (Final)₹31.00 per share₹48.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares3000 shares
Fresh Issue Size1,44,12,000 shares24,45,000 shares
Fresh Issue Size (Amount)up to ₹44.68 Crup to ₹11.74 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total1,44,12,000 shares24,45,000 shares
Issue Size Total (Amount)up to ₹44.68 Crup to ₹11.74 Cr

IPO Timetable

Canarys Automations IPO opens on Sep 27, 2023, while Plada Infotech IPO opens on Sep 29, 2023. The closing date of Canarys Automations IPO and Plada Infotech IPO is Oct 03, 2023, and Oct 05, 2023, respectively.

 Canarys Automations IPOPlada Infotech IPO
Anchor Bid DateSep 26, 2023
Issue OpenSep 27, 2023Sep 29, 2023
Issue CloseOct 03, 2023Oct 05, 2023
Basis Of Allotment (Tentative)Oct 06, 2023Oct 09, 2023
Initiation of Refunds (Tentative)Oct 09, 2023Oct 10, 2023
Credit of Share (Tentative)Oct 10, 2023Oct 11, 2023
Listing date (Tentative)Oct 11, 2023Oct 13, 2023
Anchor Lockin End date 1Nov 05, 2023
Anchor Lockin End date 2Jan 04, 2024

Financials & KPIs

Canarys Automations IPO P/E ratio is 15.82, as compared to Plada Infotech IPO P/E ratio of 12.31.

 Canarys Automations IPOPlada Infotech IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets63.7847.5420.03
Total Income75.4752.0025.78
Profit After Tax8.534.562.10
NET Worth25.3816.8312.58
Reserves and Surplus16.107.555.47
Total Borrowing14.168.79
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets28.1127.2027.6027.11
Total Income62.7548.8744.6150.68
Profit After Tax2.341.100.671.20
NET Worth7.535.184.083.43
Reserves and Surplus5.534.984.073.42
Total Borrowing16.5417.7219.5319.90
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)77.49%89.5%
Promoter Shareholding (Post-Issue)56.57%62.64%
P/E Ratio15.8212.31
Market Cap₹174.17 Cr.₹41.16 Cr.
ROE37
ROCE21
Debt/Equity2.20
EPS₹3.92₹3.90
RoNW31.6431.07

Shares Offered

In the Canarys Automations IPO Retail Individual Investors (RII) are offered 50,48,000 shares while in Plada Infotech IPO retail investors are offered 50,48,000 shares. Qualified Institutional Buyers (QIB) are offered 39,68,000 shares in Canarys Automations IPO and in Plada Infotech IPO.

 Canarys Automations IPOPlada Infotech IPO
Anchor Investor Reservation32,32,000 shares
Market Maker Reservation7,60,000 shares1,29,000 shares
QIB39,68,000 shares
NII21,64,000 shares12,22,500 shares
RII50,48,000 shares12,22,500 shares
Total1,44,12,000 shares24,45,000 shares

Bids Received (Subscription)

Canarys Automations IPO subscribed 7.36x in total, whereas Plada Infotech IPO subscribed 56.79x.

 Canarys Automations IPOPlada Infotech IPO
QIB (times)1.98x
NII (times)18.07x39.81x
RII (times)11.70x73.78x
Total (times)7.36x56.79x

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Canarys Automations IPO Vs Plada Infotech IPO